CarMax Inc (NYSE:KMX) Director William R. Tiefel sold 23,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $76.39, for a total transaction of $1,756,970.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

CarMax Inc (NYSE KMX) traded up 0.16% on Wednesday, reaching $76.45. 1,627,088 shares of the company’s stock traded hands. The stock has a 50-day moving average of $68.58 and a 200 day moving average of $63.45. The firm has a market capitalization of $14.01 billion, a P/E ratio of 21.96 and a beta of 1.38. CarMax Inc has a 52 week low of $47.50 and a 52 week high of $77.64.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Friday, September 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.03. The company had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.26 billion. CarMax had a net margin of 4.09% and a return on equity of 21.88%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 earnings per share. On average, equities analysts expect that CarMax Inc will post $3.81 EPS for the current fiscal year.

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KMX has been the topic of a number of research analyst reports. Deutsche Bank AG reduced their price target on shares of CarMax from $73.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday, July 4th. CIBC reissued a “buy” rating on shares of CarMax in a research note on Tuesday, July 4th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of CarMax in a research note on Monday, July 3rd. ValuEngine raised shares of CarMax from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. Finally, Bank of America Corporation reissued a “buy” rating and issued a $82.00 price target (up from $80.00) on shares of CarMax in a research note on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $77.93.

Institutional investors and hedge funds have recently bought and sold shares of the company. Korea Investment CORP raised its stake in shares of CarMax by 140.5% during the second quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock valued at $111,000 after purchasing an additional 1,033 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of CarMax during the second quarter valued at approximately $112,000. Seven Eight Capital LP purchased a new stake in shares of CarMax during the second quarter valued at approximately $133,000. QS Investors LLC raised its stake in shares of CarMax by 1.0% during the second quarter. QS Investors LLC now owns 2,333 shares of the company’s stock valued at $147,000 after purchasing an additional 22 shares during the period. Finally, Global X Management Co. LLC raised its stake in shares of CarMax by 7.3% during the first quarter. Global X Management Co. LLC now owns 2,497 shares of the company’s stock valued at $148,000 after purchasing an additional 169 shares during the period.

CarMax Company Profile

CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.

Insider Buying and Selling by Quarter for CarMax (NYSE:KMX)

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